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Patterson’s Bold Carbon Gamble
California's state budget gap was about $40 billion this year. New York's some $50 billion. Every state in the Union is struggling with drastically lower revenues and higher costs for services of every kind, washing state capitals with red ink. At the polls next year, governors who are facing elections - - including Governor David Patterson of New York - - may find themselves politically drowned by such gargantuan deficits.
So faced with closing schools, hospitals, fire stations, and kicking struggling families off of welfare roles, governors are turning instead, like the famous bank robber Willy Sutton, to wherever the money may be. In New York's case, at least some of it is hidden in a carbon piggy bank.
Late last year, ten northeastern states started a cap-and-trade system covering carbon emissions from powerplants. Each facility must buy its initial "allowances" for whatever they emit from the state, generating hundreds of millions of dollars in revenues. Each state decides how to spend this money, but generally they have committed it to energy efficiency programs.
That's where Patterson took a bold gamble. He proposed using $90 million of the state's $202 million in carbon allowance revenues this year to subsidize the state's budget deficit. Many criticized the move, fearing that environmental and energy efficiency goals won't be met and that other states might copy the move, making matters worse. That may also cost the Governor some "green" friends, hurting his chances at the polls next year.
But maybe he did New Yorkers - - and the rest of us - - a real favor. First of all, more than half the carbon money still goes to energy investments. For example, Patterson recently announced a buy-back program for inefficient old appliances. That will save lots of energy as people trade up for newer energy-efficient models, stimulating the economy at the same, just as the "cash for clunkers" program helped car dealers.
Of course Patterson could have proposed higher taxes instead of raiding the carbon piggy bank. But is it a good idea to tax workers and businesses more, penalizing hard work, or is it better to essentially tax waste and thereby encourage conservation? Many have suggested this very idea as a way to deal with climate change - - tax carbon polluters, which raises the cost of electricity and gasoline - - but lower taxes on payrolls and businesses. Such a zero-sum "tax shift", it is argued, would reward hard work and discourage wasteful use of energy, both worthy outcomes. In any case, it would force users of energy to pay the true cost of their supply - - a cost, measured in climate change impacts, that is borne today by everyone regardless of how much energy they use.
Climate activists' immediate reaction to Patterson's move was negative, but perhaps it's worth another look. If governors everywhere knew there was carbon piggy bank in their state, we might soon see more support for carbon cap-and-trade systems and quickly earn bi-partisan support for tackling climate change. Given that Congress is stalled on climate legislation, this may be one of our best bets for an American contribution to a global deal in Copenhagen later this year. If that happens, we will have Governor Patterson to thank for being bold enough to get us started.
How to stop 51% of GHG emissions
In the run up to the Copenhagen climate change conference, it is vital the following information be disseminated to the public as well as to our political leaders.
A widely cited 2006 report by the United Nations Food and Agriculture Organization, Livestock's Long Shadow, estimates that 18 percent of annual worldwide greenhouse gas (GHG) emissions are attributable to livestock….however recent analysis by Goodland and Anhang co-authors of "Livestock and Climate Change" in the latest issue of World Watch magazine found that livestock and their byproducts actually account for at least 32.6 billion tons of carbon dioxide per year, or 51 percent of annual worldwide GHG emissions!
www.51percent.org
The main sources of GHGs from animal agriculture are: (1) Deforestation of the rainforests to grow feed for livestock. (2) Methane from manure waste. – Methane is 72 times more potent as a global warming gas than CO2 (3) Refrigeration and transport of meat around the world. (4) Raising, processing and slaughtering of the animal.
Meat production also uses a massive amount of water and other resources which would be better used to feed the world’s hungry and provide water to those in need.
Based on their research, Goodland and Anhang conclude that replacing livestock products with soy-based and other alternatives would be the best strategy for reversing climate change. They say "This approach would have far more rapid effects on GHG emissions and their atmospheric concentrations-and thus on the rate the climate is warming-than actions to replace fossil fuels with renewable energy."
The fact is that we are being informed of the dangerous path we are on by depending greatly on animal flesh for human consumption. We still have the opportunity to make the most effective steps in saving ourselves and this planet. By simply choosing a plant based diet we can reduce our carbon foot print by a huge amount.
We are gambling with our lives and with those of our future generations to come. It's madness to know we are fully aware of the possible consequences but yet are failing to act.
Promoting a plant based diet to the public is would be the most effective way to curb deforestation, we hope this will be adopted as a significant measure to save the rainforests and protect the delicate ecology.
Thank you for your consideration.
One of the effects of the
One of the effects of the financial turmoil over the last few years has been bank closings. Well, perhaps not so much bank closings, but bank seizures by the FDIC. The Federal Deposit Insurance Corporation can seize a troubled bank if they think they are in imminent danger and need to be reigned in, and over 400 banks are currently flagged as being in trouble. However, the rate of banks being targeted has slowed, though more banks have been in trouble than ever before, and one wonders just what the most knowledgeable do with their money. It seems that with the record number of bank closings, perhaps all that TARP money may have been ill-spent.
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